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Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $32,500 for direct labor $6,500
Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $32,500 for direct labor $6,500 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Which entry should Penn make to assign the Factory Pay Credit General Journal Payroll Expense Cash Debit 39,000 (A) 39,000 32,500 6,500 (B) Payroll Expense Factory Overhead Factory Payroll 39.000 (C) 32,500 6,500 Goods in Process Inventory Factory Overhead Factory Payroll 39,000 (D) 32,500 6,500 Goods in Process Inventory Factory Overhead Accrued Wages Payable 39.000 39,000 (E) Goods in Process Inventory Factory Payroll 39,000
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